Finance Newsletter August 2012

Good news for all borrowers – the banks have broken up with the Reserve Bank.

This means if you look around you are likely to find a better rate than you currently have. St George is currently offering rates as low as 6.01% variable for home loans and they will pay you $700 to switch from your current bank..

Use this opportunity to speak with a mortgage broker to ensure your bank is looking after you and that you have the best loan for your circumstances.

Some banks are currently offering great discounts on home and investment loans. Fixed and variable.

You may be able to save interest by fixing your home loan . You may be able to fix for 1-3 years at a lower rate then you currently have. Why wait for variable rates to go down. Switch to a lower rate now.

A great fixed rate is available from Homeloans. You can get a fixed rate of 5.42% 3 years. Compare that with your bank’s current offering? There are many benefits of using a mortgage broker and our services are provided to the borrower free of charge.

Call Dan Goodridge on 0414 423 340 or e-mail at Mercia Finance for obligation free finance information.

Comments are closed.